CommBank
Procurement Management Account
A Procurement Management Account is a corporate card 'account' (16 digit card number) assigned to an organisation or business unit, which allows multiple authorised users to transact on the account. It is primarily used for a large volume of transactions (e.g. high volumes of travel bookings) or high value procurement transactions (e.g. strategic suppliers).
At a glance
- Pricing
- Rates on application
- Purchase rate
- 17.99%
- Cash advance
- 17.99%
- Foreign transaction fee
- 2.50%
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| Cash advance | P&I | — | — | 17.99% | — | — |
| Purchase | P&I | — | — | 17.99% | — | — |
§ 02 — Fees · 4
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Annual Fee per card | Event | $120 | — | The disclosed annual fee amount per card is the fixed fee we have agreed with you. The fee for each card will be charged to each card on the facility anniversary date. Where a card is established bet… |
| Establishment Fee | Event | $600 | — | Establishment fee that is charged once the Product offer is formally accepted |
| Cash equivalent items or cash substitutes cash advance charge | Purchase | 1.25% of transaction | — | While no physical card is available to withdraw cash, the bank charges interest (17.99%) for customers using their Procurement Management Account for a cash equivalent item or cash substitutes. Cash… |
| International Transaction Fee | Transaction | 2.50% of transaction | — | Applies anytime cash advances, purchases or permitted transactions are converted by Mastercard from foreign currencies to Australian dollar equivalents. For cash advances, the relevant cash advance c… |
§ 03 — Features
Digital bankingTransit Accident InsuranceUnauthorised Transactions Insurance
§ 04 — Eligibility & limits
- · Available to businesses
- · Each application for credit is assessed on the ability of the business to service debt (limit) based on the financials supplied in the application.
§ 06 — Run the numbers
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Published by CommBank under the Consumer Data Right, last changed by them on 23 Sept 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.